Harmonic Inc., a provider of broadcast and on-demand video delivery solutions, today announced its fourth-quarter net sales were up $96.9 million, which was an increase of 11 percent over the same quarter in 2007.
For the full year 2008, net sales were $365 million, up 17 percent from $311.2 million in 2007. In 2008, the company saw revenue growth across the range of its cable, satellite, telco, broadcast and other markets. Both domestic and international sales grew in 2008, with international sales representing 47 percent and 44 percent of revenue, respectively, for the fourth quarter and the full-year 2008.
“2008 was an outstanding year for our company, with record revenues, gross margins and earnings,” said Harmonic CEO and President Patrick Harshman. “Underlying our success was the expanding range of video service providers around the globe who have selected Harmonic to power their mission-critical video services.
“Moving into 2009, we plan to continue investing in the long-term growth of our business. We expect to announce a number of important new product introductions and to complete the acquisition of Scopus, which we believe will further expand our worldwide customer base and strengthen our technology leadership. We will also continue to focus on controlling our costs and improving our operating efficiencies.”
Harmonic anticipates that net sales for the first quarter of 2009 will be in a range of $72 million to $78 million. GAAP gross margins and operating expenses will be in a range of 45 percent to 47 percent and $32 million to $33 million, respectively.
